On December 15, Guizhou Rural Commercial United Bank Co., Ltd. (referred to as "Guizhou Rural United Bank") was approved for operation, becoming the ninth provincial-level rural commercial bank in China. Notably, attention has been drawn to Kweichow Moutai Co.,Ltd.'s role as a shareholder in this venture.
According to regulatory approval documents, Guizhou Rural United Bank has a registered capital of 10.46 billion yuan, with 12 founding shareholders participating in its establishment. These include key state-owned entities such as the Guizhou Provincial Department of Finance, Guizhou Financial Holding Group, and Moutai Group. Moutai Group invested 1 billion yuan, acquiring a 9.562% stake and becoming the bank's third-largest shareholder.
Other major shareholders include: - Guizhou Provincial Department of Finance: 1.572 billion yuan investment (15.032% stake) - Guizhou Financial Holding Group (Guizhou Guimin Investment Group): 6.886 billion yuan investment (65.844% stake) - Guizhou Qiansheng State-owned Assets Management: 1 billion yuan investment (9.562% stake)
The bank's establishment process began earlier this year when preparatory working groups announced plans to transform the existing Guizhou Rural Credit Cooperatives Union into a joint-stock commercial bank. The proposal was approved at a members' meeting on July 28.
As one of China's most prominent liquor producers, Moutai Group's involvement in financial sector development has been noteworthy. The company had previously discussed plans to establish a financial holding company during board meetings.
Beyond this latest investment, Moutai Group holds stakes in several other financial institutions: - Banking sector: Shareholder in Renhuai Moutai Rural Commercial Bank and Fenggang Rural Commercial Bank, as well as listed city commercial banks Guizhou Bank and Bank of Guiyang. - Insurance sector: Holds 20% of Huagui Life Insurance and has indirect holdings in Huatai Life Insurance through Huatai Insurance Group. Also invested in Guizhou Taihe Insurance Brokerage. - Leasing: Established Moutai (Shanghai) Financial Leasing in 2014 with 5 billion yuan capital, and holds 20% of Guiyang Guiyin Financial Leasing. - Industrial finance: Co-founded Moutai (Guizhou) Private Equity Fund Management with CCB (Beijing) Investment Fund Management in 2014. Currently manages multiple industrial investment funds.
Additionally, Moutai Group operates Kweichow Moutai Group Finance Co., established in 2013, with listed subsidiary Kweichow Moutai Co.,Ltd. holding 51% and the parent company holding 40%.
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